Small Business Accounting
As a small business owner you have more important things to do than to keep your own books. We take care of your books for you, so you can get back to the job of running your business and generating profits! But why should you choose Howe & Kolodziej, CPAs to do your bookkeeping over another firm? We try to answer that question for you in this short video presentation...Why Us? Depending on your needs, we can provide any combination of the following services on a monthly, quarterly, or annual basis...
These tasks form the solid foundation of your small business accounting system. You can customize the package of services you receive by adding tax planning and tax preparation. Clean Up Quickbooks Accounting Records We specialize in cleaning up Quickbooks messes! The first step is cleaning up the Chart of Accounts so that your financial statements are presented in a concise, logical fashion using a common sense approach in order to make understanding the financial statements easier. Asset and liability balances are examined for correctness as are expense and income accounts. Finally, we compare the Balance Sheet and Income Statement to your Tax Return to avoid over or under paying income tax because of your Quickbooks mess. Have us tune-up your Quickbooks file and you will be amazed at the difference!  Enter Accounting Data in Quickbooks You provide access to the records and we do all the input work for you! Checks...deposits...payables...receivables...amortization of loans, etc. Save hours of your precious time that could be better utilized doing what you do best.....making money running your business! Pay Accounts Payable and Reconcile Accounts Receivable Ensure your bills are paid on time, take advantage of all available vendor discounts, and maintain your good credit standing by letting us pay your Accounts Payable through your business checking account. You provide access to the records and we take care of the time consuming Accounts Payable task for you! Accounts Receivable is the lifeblood of any business and we help you maintain vital cash flow by keeping your Accounts Receivable current. Who hasn't paid you? You know instantly when we take care of your receivables for you. You provide access to the records and we do the rest! Reconcile Bank and Credit Card Accounts Reconciling your business bank and credit card accounts each month allows us to keep your accounting records and taxes up-to-date, identify lost checks, lost deposits, and ensures transactions are posted correctly by your bank. You can't really know how your business is doing unless all accounts are reconciled and properly accounted for on your financial statements. Reconciling helps you manage your cash flow and your business more effectively.
Prepare Payroll and Payroll Reports When it comes to paying employees, laws and the IRS have made the payroll function a time consuming nightmare for the small business owner. Small business owners spend an average of eight hours a month performing payroll functions. That's 12 full days a year that could be spent generating sales, prospecting new business opportunities, improving products or services, or servicing customers. We offer payroll solutions that meet your business's needs and enable you to spend time doing what you do best--running your company. Prepare State and City Sales Tax Reports
We can prepare Sales Tax Reports for any State and City and any type or size of business. Generally, most Sales Tax reports are fairly simple. However, some are time-consuming and complex. Sales Tax reports for Contractors in Arizona can be extremely time-consuming when several cities are involved.
We are experts in preparing Sales Tax reports for Arizona Contractors.
Provide Financial Statements and Analysis You regularly receive a comprehensive Financial Statements package including Income Statement, Balance Sheet, Cash Flow Statement, Financial Statement Analysis, charts and graphs. Income Statements and Balance Sheets are exhaustively compared to prior months and years to help spot trends. The Financial Statement Analysis converts complex financial data into plain language and understandable analysis for common sense understanding of your operating results, what you are doing right, and how to correct problem areas. Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you. An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period. A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time. Quickly get a handle on the financial strength and capabilities of your business. Identify and analyze trends, particularly in the area of receivables and payables.
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